Mastercard is preparing for a future where AI agents can independently make purchases and transact with other machines. The company's Agent Pay technology aims to facilitate these transactions, while also addressing the risks of autonomous software making costly mistakes.
Reports mentioning Mastercard
Former President Donald Trump declared on "The Pulse With Francine Lacqua" that he would not initiate an attack on Iran prior to the midterm elections. This statement addresses geopolitical tensions and potential military actions in the Middle East.
Agentic commerce, a concept envisioning AI agents autonomously handling online purchases, is currently unproven and has not yet secured adoption from live merchants. Despite the growing discussion around its potential to revolutionize e-commerce, significant questions persist regarding its practical implementation…
A collaborative report by Fast Company and Tata Consultancy Services (TCS) indicates that only approximately 7% of companies are successfully generating measurable value from their artificial intelligence initiatives. The survey, which polled 380 C-level executives across diverse industries, found…
Financial institutions are facing a new compliance frontier with the rise of AI agents, shifting the focus from "know your customer" (KYC) to "know your agent." Zhuoqun Bian, president of Ant Digital Technologies, the enterprise division of Ant Group, highlighted…
Corporate America is embracing artificial intelligence at a steady, albeit not breakneck, pace, according to a new analysis that counters both extreme hype and dismissal of AI's potential impact. While headlines often suggest an overnight transformation or outright overvaluation…
Visa Inc. is implementing significant workforce reductions, laying off approximately 2,600 employees, which constitutes about 7% of its global staff. The payments processing giant confirmed these layoffs to Fast Company, with the news initially reported by outlets including Bloomberg.
Mastercard launched Agent Pay for Machines on May 14, 2024, a new service enabling AI agents to initiate and settle transactions for goods and services. This platform supports payments through traditional methods like credit cards and bank accounts, alongside digital…